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Since my last update on the crypto markets, we have seen 2 nice pumps. 

I managed to get into a couple long positions for <strong>BTC</strong>, <strong>LTC</strong> + <strong>XRP</strong>.

IMO, it looked clear that it would break to the upside as bears were running out of steam on the shorter term and I saw some very bullish patterns starting to form on the higher time frames (4hr + daily). 

<strong>Falling wedges, bull flags, divergences + important EMA’s acting as a strong support that eventually caused a squeeze between the apex’s of many of these indicators coinciding with eachother</strong>.

# <center><div class=phishy>LTC/USD</div></center> 
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<center>https://cdn.steemitimages.com/DQmcKnC7JyGLdy5MdA5M4yHPupBJqSx51dcb3xnmUBdRgWR/image.png</center>
<center><sub>https://www.tradingview.com</sub></center>

Although I did not update this in the channel I did take the trade and will now explain why it looked prime for a long setup. 

First, the falling wedge forming for over a week. Along the formation of the falling wedge, there was bullish divergence that formed throughout the duration of the pattern. 

After the first pump, we did not see a big sell off and the price was supported at the <strong>38.2 fib level</strong> for about a week and a bit. This shows great strength from the bulls. To add to that, we were unable to break and close below the <strong>50 MA</strong>. It was tested 3 times in the short term and after the last test we managed to get a nice bounce off of it. 

On the breakout of the wedge, waiting to see a retest of the <strong>S/R flip level @ $42.22</strong>. 

I opened a long as I saw looking back that has been a very reliable level throughout the past week or two. Turned out to be a great trade yielding almost 12% profits.

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<center>***I also shared this article on <a href="https://trybe.one/members/viperblckz/blog/">TRYBE</a>***</center>

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<em>This is not financial advice. I don’t take into account of your personal investment objectives, specific investment goals, specific needs or financial situation and makes no representation and assumes no liability to the accuracy or completeness of the information provided here. The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation. Any expression of opinion (which may be subject to change without notice) is personal to the author and the author makes no guarantee of any sort regarding accuracy or completeness of any information or analysis supplied.</em>

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